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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading on Wednesday. Traders bought 36,130 call options on the stock. This represents an increase of approximately 2,077% compared to the typical volume of 1,660 call options.
Analyst Ratings Changes
A number of research firms have weighed in on MDB. TheStreet upgraded MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. Wells Fargo & Company began coverage on MongoDB in a report on Thursday, November 16th. They issued an “overweight” rating and a $500.00 price target for the company. JMP Securities restated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a report on Monday. Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price target for the company in a report on Wednesday, November 8th. Finally, Truist Financial restated a “buy” rating and issued a $430.00 price target on shares of MongoDB in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $430.41.
Get Our Latest Analysis on MongoDB
Insider Buying and Selling at MongoDB
In other news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the sale, the chief accounting officer now owns 16,313 shares in the company, valued at approximately $6,596,650.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $332.23, for a total transaction of $1,328,920.00. Following the completion of the sale, the director now owns 1,191,159 shares in the company, valued at approximately $395,738,754.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the sale, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The disclosure for this sale can be found here. Insiders sold 149,277 shares of company stock worth $57,223,711 in the last 90 days. 4.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On MongoDB
Several hedge funds have recently modified their holdings of MDB. GPS Wealth Strategies Group LLC purchased a new stake in shares of MongoDB during the second quarter valued at $26,000. KB Financial Partners LLC purchased a new position in MongoDB during the 2nd quarter valued at about $27,000. Capital Advisors Ltd. LLC increased its holdings in shares of MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after purchasing an additional 38 shares during the period. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $29,000. Finally, BluePath Capital Management LLC acquired a new stake in shares of MongoDB during the third quarter worth approximately $30,000. 88.89% of the stock is owned by hedge funds and other institutional investors.
MongoDB Trading Down 0.2 %
Shares of MDB stock opened at $410.11 on Thursday. The stock has a 50-day simple moving average of $402.09 and a 200 day simple moving average of $380.88. MongoDB has a fifty-two week low of $179.52 and a fifty-two week high of $442.84. The stock has a market capitalization of $29.60 billion, a P/E ratio of -155.34 and a beta of 1.23. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The business had revenue of $432.94 million during the quarter, compared to analysts’ expectations of $406.33 million. During the same quarter last year, the business posted ($1.23) earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, sell-side analysts expect that MongoDB will post -1.64 earnings per share for the current fiscal year.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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